Equatorial Energia (BSP:EQTL3) ROCE % : 8.49% (As of Dec. 2023)

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What is Equatorial Energia ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Equatorial Energia's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.49%.

Equatorial Energia ROCE % Historical Data

The historical data trend for Equatorial Energia's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Equatorial Energia ROCE % Chart

Equatorial Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.06

17.69

12.50

9.29

9.45

Equatorial Energia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.08	8.22	9.01	11.47	8.49

Equatorial Energia ROCE % Calculation

Equatorial Energia's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	7273.563	/	( ( (90617.397 - 22099.849)	+	(103643.452 - 18149.382) )	/ 2 )
	=	7273.563	/	( (68517.548	+	85494.07)	/ 2 )
	=	7273.563	/	77005.809
	=	9.45 %

Equatorial Energia's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	6972.58	/	( ( (98775.41 - 20065.547)	+	(103643.452 - 18149.382) )	/ 2 )
	=	6972.58	/	( ( 78709.863	+	85494.07 )	/ 2 )
	=	6972.58	/	82101.9665
	=	8.49 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Equatorial Energia (BSP:EQTL3) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Equatorial Energia ROCE % Related Terms

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Equatorial Energia (BSP:EQTL3) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Equatorial Energia SA (BSP:EQTL3) » Definitions » ROCE %

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EQUEY:USA

Address

Alameda A - Quadra SQS, No. 100, Altos do Calhau, Sao Luiz, MA, BRA, 65071680

Website

https://www.equatorialenergia.com.br

Equatorial Energia SA is primarily a holding company engaged in the ownership of other firms in the electric energy generation and distribution industries in Brazil. Collectively, Equatorial Energia's main subsidiaries are involved in electric energy distribution, telecommunications, data transmission, electric energy generation, and the operation and implementation of thermoelectric power plants in the country. The company's operating segments are Distribution, Transmission, Services, Trading, Central Administration, and Others. Revenue from the provision of construction services is significant for Equatorial Energia SA.

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